Hedge Funds

Campbell revamps approach after performance decline


Campbell & Co. is overhauling its investment process after continuing to underperform the average managed futures program in January.

The $8.5 billion firm’s president and chief executive, Terri Becks, outlined the plan of action in a February 4 letter to investors, noting that it is intended to address in particular the firm’s disappointing performance during the market upheaval of July and August 2007 and much of the past two years.

Citing the need to meet such challenges as changing market dynamics and greater competition, Becks wrote that Campbell plans to implement a number of changes that will enable its